00:02
Peter Dunn
Begin the show. Hello, everyone. It's Peter Tun, Pete the Planner, host of the Pete the Planner show. Coming back to you on a recording. You are listening to this in a recording unless you're listening to it live on Facebook Live, YouTube Live or Twitter stream. I'm joined as often Kristen Ahlenius or we shall call her miscellaneous.
00:31
Kristen Ahlenius
Yes.
00:32
Peter Dunn
Which is an old joke in her world. And Damian dunn. Hello.
00:37
Kristen Ahlenius
Hello. Good morning.
00:40
Peter Dunn
Let's all point out some important things here for us today. Damian has a new backdrop for those listening on the podcast. You are missing out. Jameson is joining us. Oh my gosh. I thought he abandoned us for Susie orman welcome back. Welcome Jameson. We don't have as cool of jackets. However we are here. Thanks for being here. Danza is back. Kristen, how is the home renovation project going? I know that's what you did over the 4 July weekend. Are you moved in yet?
01:12
Kristen Ahlenius
I'm not, but I'm moving in today even though half my house doesn't have floor yet. So we're committing at this point.
01:20
Peter Dunn
So Dame, I've been thinking about Kristen's situation. Not too much, not in a weird creepy way, but just in a natural way. Not like an Elon Musk sort of way, repopulating the Earth sort of way, but more of like is she really slow playing moving in because she is such an aggressive go person. This feels like it's taken a while.
01:42
Damian Dunn
I can speak with a little bit of authority about this based on some back channel conversations that I've had. No, she is not slow playing this. She would like to be in there as soon as humanly possible. It's just been a confluence of obstacles have been slowing her down.
02:00
Peter Dunn
Excellent use of confluence. Speaking of great words, Kristen, do you know the difference between the words subsidiary and subordinate? Do you know the difference between the words subsidiary and subordinate?
02:16
Kristen Ahlenius
A subsidiary would be within correct and a subordinate would be under. Is that the primary difference?
02:23
Peter Dunn
Maybe kind of. I mean subsidiary is going to be a company under a company like an offshoot and a subordinate generally is speaking about people, specifically Aqua Greg and I. Yeah, Aqua Greg and I had a little vocab lesson earlier this week. Good. Daniel, welcome to the show. Good to be with you. Kristen, are you just staring at Dame's layout in his background? Because I am.
02:47
Kristen Ahlenius
It looks so good. I will work on it, I promise. When I move to my new place there will be an ugly orange wall. You'll all love it. It'll be great.
02:55
Peter Dunn
We officially moved into HQ Two this week. Officially? Officially. Had a little champagne party on Wednesday. HQ Two here in central Indiana which is just the second floor of our other office building. HQ One is on the first floor, HQ Two is on the second floor. It's very exciting. Kristen, are you excited to see it?
03:15
Kristen Ahlenius
I am. When do I get to come?
03:17
Peter Dunn
Well, that involves you getting into a car and driving for 2 hours.
03:21
Kristen Ahlenius
I'll be there in 2 hours.
03:23
Peter Dunn
Dame won the naming contest. Look at chad is joining us from HQ Two right now. Hey, Chad, get off of Facebook and get back to work. So Dame won the naming contest for all the different rooms and conference rooms throughout the campus, as we'll call it here now. Sure. Old Indianapolis venues. So the Hoosier Dome, marcus Square Arena, bush Stadium, deer Tree.
03:51
Damian Dunn
Did I get Bush Stadium or did I forget that?
03:53
Peter Dunn
No, Steven gave you an addendum on.
03:55
Damian Dunn
Nice.
03:55
Peter Dunn
Anyway, enough of all this rigamarole. I think people want to learn some things about finances. I will note it takes everything in my intestinal fortitude to not bring up Elon Musk secret children with employees of his own organization. So I'm not going to bring it up. I think he's a high character individual who would never back out of a business deal which will force him to purchase a $44 billion company that the other shareholders don't want him to buy at this point because he has proven to be an unsavory fellow. I'm not going to talk about that because I find that judgmental. We all have skeletons in our closet. Some of us have unknown children in our closet. And so I will just leave it at that.
04:48
Damian Dunn
Do you think his time is running out as far as popularity and.
04:55
Peter Dunn
This is dark, like a preshow conversation, maybe.
04:59
Damian Dunn
He'S going to shoot himself into space. Who knows? But I feel like he's had a number of missteps lately that might knock him down a few notches on the admirability. Nobody knows being less admirable.
05:17
Peter Dunn
Well, he has overstayed his welcome in my brain years ago, so I don't want to be an early adopter of disdain. However, I will note I believe your character reflects how you do business and vice versa. I think it's all interconnected. I don't want to do business with people where they have a poor character. I struggle with that. And I know in our society, we look at billionaires and we look at successful people and we're like, wow, that person's amazing. It's like, I think you got to separate the dollars from the person and you're allowed to self evaluate. And it's not about judgment. It's just about I don't really value those qualities. I mean, there's a little much, but this is how I feel. Christina, are you out of favor with.
06:05
Kristen Ahlenius
I never I don't want to sound like I'm hipster because that's exactly where this statement is going, but to be honest, I never really got it to begin with. I think people have like I do agree that his favor with the public has probably come down, but I never really understood to begin with.
06:22
Peter Dunn
Yeah, I don't know. Our country struggles to agree with who the most interesting people are. We're all entitled to our opinion, and we can be interested in people for different reasons, but I always feel like, who has the best Q score in America? I guess we could kind of look this up. Who do you think I want to look it up? Best Q score. Do you understand Q score, people?
06:46
Damian Dunn
No.
06:48
Peter Dunn
Q score is basically a popularity, a positive perspective on a person. When the Indiana 529 plan makes decisions of whether they still want me to be a spokesperson, I have a Q score because they have to say, what's the favorability of that person.
07:11
Damian Dunn
Most common response was. Who.
07:13
Peter Dunn
Yeah. Here we go. The recognized industry standard for measuring consumer appeal of performers, brand ambassadors, influencers characters, licensed properties, and brands. Okay, let's see if I can make this work.
07:35
Kristen Ahlenius
This has to be a real person. It can't be like the Gecko from the Geico commercials.
07:39
Peter Dunn
I think they do that actually. Here's america's most liked TV personalities from 2018. That seems a little I mean, weren't even in a pandemic then. I got to find something more modern than that. What do you think? Okay, here's 2018. This is going to tell us something about what has happened in our world. Oh, Lord.
08:05
Damian Dunn
It'll be like Oprah Winfrey.
08:07
Kristen Ahlenius
Ellen.
08:10
Peter Dunn
All right. Peter looks on the Internet, on the radio. Always a good show.
08:16
Kristen Ahlenius
Shout out to the podcast.
08:18
Peter Dunn
David Muir is the world's most liked TV media personality, according to the latest Q store study. David Muir. He's the ABC News guy.
08:31
Damian Dunn
This was a complete waste of time.
08:33
Peter Dunn
It was.
08:35
Kristen Ahlenius
I don't know who that is.
08:37
Peter Dunn
Lester Holt is up there.
08:39
Kristen Ahlenius
I believe it.
08:40
Peter Dunn
Believe that. I saw him at an airport once. I feel like I've talked about that on the pod. He was in a Phoenix airport. He was disembarking. Wait, that's on a boat. Deboarding.
08:52
Damian Dunn
Deplaning.
08:53
Peter Dunn
Yeah. And he much thinner than you'd think.
08:58
Damian Dunn
Really?
08:58
Kristen Ahlenius
Yeah.
08:59
Damian Dunn
He looks like he's got some decent size to him.
09:03
Peter Dunn
He's tall and thin. Okay. He looked like New Coworker Steven, who I don't think either of you have met in person. I have. Dave has. Oh. Kristen hasn't. All right, let's keep it moving. Okay? This week on the show why am I taking so long? I've got meetings. Okay, we each chose a segment topic this week, and you guys know mine. I know Kristen's. Dame's. No one? Well, kristen yes. You know how do you I wanted.
09:42
Kristen Ahlenius
To make sure we didn't choose the same thing. I feel like that's fair.
09:47
Peter Dunn
All right, so, Kristen, now that you know what everyone's is, and which topic do you want to start with? Mine, yours or dame's? And you know what? As you make this decision hold on a second. We're going full screen you.
09:59
Kristen Ahlenius
Oh, man. We talked about this.
10:01
Peter Dunn
Yeah. Full screen you. This is what the people want.
10:04
Kristen Ahlenius
Love it.
10:05
Peter Dunn
I love to watch how uncomfortable you are. Great.
10:08
Kristen Ahlenius
I hate this.
10:09
Peter Dunn
No, it's okay. The people want it. What's the order?
10:13
Damian Dunn
We're going with Dame.
10:15
Kristen Ahlenius
Me and then you.
10:17
Peter Dunn
Okay. Please try not to look away from the camera.
10:20
Kristen Ahlenius
I can't. I don't do it to Damien.
10:24
Peter Dunn
No, no one wants to be so dame Me and then you Is that what you said?
10:31
Kristen Ahlenius
Me and then you Well, I mean, that is what I said, but I meant not you.
10:34
Peter Dunn
Yeah, sure.
10:36
Kristen Ahlenius
Who's on first?
10:37
Peter Dunn
You know, the who's on first reference.
10:39
Kristen Ahlenius
Yeah.
10:40
Damian Dunn
Really?
10:40
Kristen Ahlenius
I was probably dead for that. But yes, I do.
10:42
Damian Dunn
You're really dead for that?
10:45
Peter Dunn
I made a Friday reference. The movie Friday. A smoky reference to Aqua. Greg yesterday right over his head and had no idea. So then I may send him a clip of what I was referencing. Then after I sent him the clip, I watched the clip of what I was referencing, and then it occurred to me. Probably shouldn't have sent that. Oh, there he is. Aqua. Greg made it right there. Look at that. Everybody. There he is. Look how tall he is. All right, here we go. Anything else we want to say? I feel like there was something I was going to say this week that was worth noting. Caught a lot of fish this weekend with Ted.
11:23
Kristen Ahlenius
That's Good.
11:23
Peter Dunn
Tremendous number of fish. I do have a lost fish story that I don't think anyone cares about, so I won't tell that. I did tell it to Chad. Involves my children misbehaving me, getting distracted, and losing a giant small mouth bass. But that's neither here nor there. Let's start the show with dame's segment. I need to time the segments because I need to. Why am I taking so long, you guys? Here we go. In Three. Kristen, you do know the length of the segments, right? I've shared this with?
11:54
Kristen Ahlenius
Yes.
11:54
Peter Dunn
Yes.
11:54
Kristen Ahlenius
Thank.
11:55
Peter Dunn
Just, you know, double checking. Okay. Two, one. This week on The Pete the Planner Show we answer your money questions. Here's how the show works. You email? Askpete@petetheplanner.com that's. Askpete@petetheplanner.com. And I believe someone in our organization still checks that inbox. Speaking of our organization, two of my colleagues kristen Ahlenius, director of Education here at Your Money line, and Damian Dunn, vice President of Advice here at Your Money line. Joining me now Hello, People.
12:29
Kristen Ahlenius
Hello, Pete.
12:30
Damian Dunn
Hello, Pete.
12:31
Peter Dunn
Quick update for the radio listeners. Damien has. We live stream the shows. We're Going. Damian has a new setup, a new background. I highly recommend you go to the Pete the Planner Facebook page and check out Dame's aesthetic or to YouTube live Pete the Planner page or Twitter. And Kristen still has not moved into our home.
12:51
Kristen Ahlenius
I still have not my background is still plain and boring. I'm Sorry.
12:55
Peter Dunn
We are doing what the Midwesterners call a potluck radio show today where everyone brings a dish to share. How do you like that? Damian is bringing the appetizer. So, Damian, what is your segment for the show today? Pete.
13:10
Damian Dunn
You know, I was going to talk about the four phases of retirement. But no. I had a question brought to me the other day that I thought would be perfect for this format. The question is, dear Pete, Kristen and the other guy, my spouse, is trying to convince me that our line of credit is a reasonable substitute for an emergency fund. I'm not comfortable with that. Am I missing something?
13:39
Peter Dunn
I like this question. Kristen, if someone called your moneyline and you used to work with folks, coach them on there all the time, how do you begin to break that down?
13:54
Kristen Ahlenius
I think that you start by not jumping. I think we all feel that there's an obvious answer here, which is like, no, do not do that. But especially if this is maybe a potential point of conflict between two partners who are managing money, I think that it's really important to break it down into, why is this maybe not the best idea? And I think there are different lines of credit that maybe make me more uncomfortable than others. So is this a home equity line of credit that makes me terrified? Is it a credit card? Do I love it? No. Will I tolerate it? I guess I will. So, like I said, coming back to a why is this not a great idea? Is the first thing not jumping on the bandwagon, which I think is our collective gut reaction?
14:42
Peter Dunn
Yeah, I always think about, like, if I don't want to eat poorly at lunch while I'm at work, then the best thing for me to do is to bring my lunch, because then it prevents me from eating poorly. But then I get into a situation where I don't have food, I don't necessarily want to eat the office snacks. And so then I'm faced with a tough decision, and it's usually time based, where I've got five minutes to eat, and so it's going to be something quick and fast and likely less than healthy. So I feel like sometimes people put themselves in a bad decision making situation, and it's this exact one that Dame brings up here where a person says, hey, an emergency could happen. We don't have an emergency fund. But the good thing is we do have a line of credit which has forced us to exhale and not care about the importance of accumulating assets off to the side to protect us.
15:34
Peter Dunn
So I'm always wary of this, and I also want to be incredibly transparent, and I don't just mean the pasty nature of my skin. Mrs. Planner and I more or less had a stage of our life early on in the early 2000s that was kind of like this, right? We had some money, but our true bigger emergency fund was access to credit. So, Dane, where do you go with this?
16:00
Damian Dunn
I would much rather see a traditional emergency fund being used here. But I think the bigger question that this person and the other people that have presented this question to me need to start with is, okay, let's say that you decide you're going to really lean on that line of credit for your emergency fund. Do you have margin in your month to month budget to be able to pay that back? If you do, what are you doing with that money right now? Because if you do have the means to comfortably pay off a line of credit, I'm a little less concerned about it. But if you are living razor thin to where you are just squeaking by month to month, sometimes you make it, sometimes you don't. And your solution is an emergency fund full of credit that's lining yourself up for some serious issues.
16:53
Kristen Ahlenius
I think that's a great point because if you don't have the excess cash to build the emergency fund, if you find that you need additional funds, how do you then find that margin in your budget to pay off the credit that you've accumulated that now is accruing likely double digit interest?
17:13
Peter Dunn
One of the weird offshoots of this, and it's sort of derivative of this question, is there are people, a lot of people, which that's always good, anecdotal evidence that use 401 loans as their emergency fund. They view emergency as emergency access to money, not actual money. And I think what also bothers me about this is I ask you two, and I ask anyone listening to reflect on this idea if you have been fortunate enough and diligent enough to build a proper emergency fund and you achieved that Mark, and you felt a way about that, then it allowed you to spend more freely on things that interest you because you created a level of stability. And that stability comes with knowing that in an emergency you're okay. If you're using a line of credit instead of an actual emergency fund, you're still going to exhale, you're still going to have that feeling of we can spend more freely now, which is a really nasty habit.
18:21
Peter Dunn
And the longer it goes on, the harder it is to reverse.
18:25
Kristen Ahlenius
Yeah. I do want to kind of play the other side of this a little bit, though, which could be that in the event that someone's relying on a 401k loan or a line of credit or potentially like a personal loan or something in the event they had an emergency. If you could shift your behavior, if you could find the money or find the margin to repay that obligation and then take the repayment that you were forced to make because someone told you it was due, and then build your emergency savings with that, sometimes that could adjust someone's behavior. So from anecdotal behavioral perspective, you might learn to better with money over the long term and improve your financial health almost accidentally, I think.
19:08
Peter Dunn
Yeah, there are two other actually really good examples of exactly that's what people often do when they pay off a car is they'll continue to drive the car they just paid off and then build up a fund for the new car, the next car, I should say. And my favorite application of that idea is a pre retiree paying down consumer debt aggressively. So then when they hit the retirement date, they simply need less money. Let's say you're paying $900 a month aggressively towards consumer debt heading into retirement. I would try to have that matched up with your retirement date, and then you have $900 a month less of living needs because that money had gone to something else. And it's an interesting way to retire on less.
19:56
Damian Dunn
The other real common instance of that, Pete, is we see individuals who have really big childcare expenses, and they trying to figure out what they're going to do for saving for college. Well, once the kids get into school, normal school age, you should have quite a bit of margin in your account or in your budget because you're not paying childcare expenses anymore. So you can really lean into billing up 529s or brokerage accounts or however you choose to save for it and really not have any impact to your day to day, month to month budget.
20:32
Peter Dunn
Well, I love it. Kristen this has been our first potluck radio show where each person brings a topic. Dame brought the appetizer. US Midwesterners would identify that as deviled eggs. And then coming up after the break, I will bring the main course. So I want everyone to pull up a chair, lawn chair, make yourself a plate. I will provide the main course. And then Kristen is going to bring dessert. And in the Midwestern way, it's probably Rice Krispy treats or some form of jello salad that no one eats but everyone looks at. So that's what we're doing here on the Pete the Planner show this week. So coming up after the break, what does a planned layoff increase in June of 2022 mean for the coming months? I will share that beefy main course with you next right here on the Pete the Planner Show.
21:20
Peter Dunn
I'm Pete the planner. I want to note that even though I started the outro really early and so I had to really draw it out, still pretty good.
21:33
Kristen Ahlenius
Oh, go ahead.
21:34
Damian Dunn
I want to note that you asked twice on what order we should do the segments, and you still got it wrong.
21:41
Kristen Ahlenius
Still got it wrong. But it's fine.
21:43
Peter Dunn
No, she said me. And when I hear me, I think me, even though she said me about herself, but when I repeated it, I said me.
21:52
Kristen Ahlenius
My sister to that would say not everything's about you is what she would.
21:58
Peter Dunn
Name of the.
22:01
Kristen Ahlenius
Pete Dunn Show.
22:03
Peter Dunn
Oh, stop.
22:05
Kristen Ahlenius
You did it.
22:06
Peter Dunn
Stop.
22:07
Kristen Ahlenius
You've said it.
22:08
Peter Dunn
I hate. I was on TV last week with my friend Gary Dick, and in the he's reading. He's like, Pete Dunn. It says Pete Dunn, CEO of your Moneyline. But as he goes to say it. He knows he switched it on the fly to Peter Dunn. Pete Dunn just sounds so bad. Bill Kirsch notes. What Pete just said. Prior to retirement, we made large payments to get the home mortgage on the one vehicle that we'd purchased using our home equity line of credit. Yeah, see, there you go. Danza. One time listener of the year. I guess they take a hybrid approach. Where's Big Rick Swank, by the way? Today? Yeah, he sleep in. Is he sleeping, like Kristen hours here where he sleeps in.
22:51
Kristen Ahlenius
Could be.
22:52
Peter Dunn
I use my credit for emergency, then spend the grace period creating as much margin as possible to pay, and finally take the balance out of the emergency fund just in time to avoid interest. All right, so do we go reverse dinner here, where now we have dessert? Second, sometimes I have to do that to seem like a cool dad to my kids. Should we do that since I misspoke or do you think people want the beef?
23:14
Damian Dunn
Now, radio is going to be all confused if you mix things up, so you better do your segment next.
23:20
Peter Dunn
Okay, so what we can just note is this for podcast listeners and the live stream listeners, that I have made my first mistake of the year. Actually, my first mistake was last evening. Do you want to hear about a mistake I made?
23:34
Damian Dunn
Do you have time to tell us?
23:35
Kristen Ahlenius
Do we?
23:36
Peter Dunn
No. Kristen I have been married for 22 years. This month, 22 years, I am 44 years old. I'm half my life. Half your life spent with this poor unfortunate woman who's just lovely and doesn't deserve any of this. So I get home from work last night. I'm mentally a mess. And I said, hey, we're going to get carried out last night. And I was like, do you want from this place or this place? She said, let's go. Give me a couple of minutes to think about it. I said, okay, pulled out my iPhone, set my timer for two minutes, and then it went off. And she's like, what's that? And I was like, you said, what's your decision? And she's like, Are you kidding me right now? And I was like, okay, maybe I should stop measuring things. Maybe I'm done for the day, measuring things.
24:28
Peter Dunn
I live in a numbers world. And so that was an unforced error.
24:32
Kristen Ahlenius
It was not good. I could have told you that.
24:35
Peter Dunn
No, I know that. I just was mentally exhausted and I was not in my normal frame of mind. All right, now it's time for the Layoff story. In three, two I almost ended the broadcast. Oh, my Lord. Why did I do that? Because I felt like I needed to press something when I got to one, and I almost hit end broadcast in three, two, one. Back on The Pete The Planner Show to the Potluck Edition of The Pete The Planner Show. Each of the three co hosts will bring big energy, like big Rick Swink brings energy to the show. And we will bring a topic to discuss. Dame talked about the importance of not using a line of credit as your emergency fund. And I would like to bring up a story that I read just this week that terrifies me a little bit, and that is that the June planned layoff announcement meant that there's a 57% increase in planned layoffs across corporate America in June, a 57% increase from June compared to the previous month of May of 2022.
25:47
Peter Dunn
And the question becomes, is that one of the ultimate signs of here we go? So, Dame, I want to put that out to you, but I also want to note that a report here Friday, the Eigth of July this morning, the US. Economy added 372,000 jobs in June, which is a significant increase over what was thought to be 272,000 jobs. So it was a lot more. So, Dame, are you concerned by 57% increase in planned layoffs?
26:25
Damian Dunn
What we don't know is, are some of those seasonal? We don't know a lot of the context behind that. Do we normally see a ramp up going into the end of summer as travel season starts to potentially wind down as well? So I'd need a little bit more context to make a decision one way or the other. In the bigger picture. What we also know is labor is a lagging indicator. So what we're seeing here, if we're worried about the economy in general, is that this is already pointing to something that we should have already kind of figured out at this point. So I'm not running for the doors just yet, but it's something that we probably want to keep an eye on going forward.
27:10
Peter Dunn
I will note that layoffs often happen at the end of a quarter. So it is worth noting that there's going to be a natural increase in June. The auto industry announced 10,198 cuts of the 32,000 cuts that were made in June. And typically this time of year is where auto manufacturers lay people off. Kristen sometimes we forget that part of the business model of some of our manufacturers, in a global sense, is that they regularly have planned layoffs and then they bring the people back, just as Dame mentioned, in a seasonal way. How difficult do you think it is to run a financial life if you know that you don't get an income for three months?
27:57
Kristen Ahlenius
I think it's really difficult, I should say. I know it's really difficult because there are many people in my life who work in the RV industry, for example, who there's a lot of layoff that comes with that. Maybe a week here, a week there. Maybe we work four days. I know there's already one facility near me that I think they're working three days already. So I think it's really difficult to plan your financial life when you have these ebbs and flows in your income. And then to circle back a little bit to Dame's point, 57% does sound really scary, but 57% increase from what? Are we low compared to normal? So I do think hearing that sounds scary, but I'm hopeful that it's not as intimidating as it seems when we read that percentage.
28:45
Peter Dunn
Yeah, I think we have such a low unemployment rate, just a massively low unemployment rate, that it's never fun to say this is the normalizing of that rate, because that trivializes and marginalizes the people who have been affected by layoffs. And so, just in the same way that when I like to say a recession is the solution to a problem, in a way, I end up throwing people under the bus who have to suffer through that recession. But it is also true. I mean, part of removing the outliers of super high unemployment and the super low unemployment is that normalization process. And I think this is that.
29:26
Kristen Ahlenius
Now, my thought just fell out of my head. I was going to say something about what Dame said, but I totally lost it, so it must have been a lie.
29:35
Peter Dunn
I will say this, that capital is getting tougher to acquire, if you will, to secure for organizations. So if they run out of what we call runway, they run out of money towards the end of a quarter where they were going to raise money to continue business operations. One way they have to solve that, if they can't secure extra funding, private or public funding, is you have to lay people off. Right. I think even this morning or yesterday, I read into July that Twitter laid off a significant number of its talent acquisition force because they froze hiring with the Elon Musk faux acquisition. Right. And so I think you're seeing a lot of companies figure that out. Netflix also really struggled so far this year and subscriber count, and so they've laid off a tremendous number of people. I think this is just the economy cooling off as it naturally would, given that 2021 was so weird, so wild.
30:41
Kristen Ahlenius
I remembered what I was going to say. It was about the auto industry, is that if you've talked to anybody, Pete, you included, who's tried to buy a car recently, it's a nightmare. There's no cars, there's lotteries, there's premiums. So there are some industries that as a consumer, trying to read an article like that and then trying to mesh those worlds together is very difficult because how can I be in a lottery where they're going to give me the privilege to pay the full price, sticker price for a vehicle? Yet there could be layoffs in the auto industry. So I think that's a difficult thing as a consumer is to try and understand how these two things might be coexisting.
31:21
Damian Dunn
I think I saw an article in the Wall Street Journal this week that also said there's. 1.9 job openings for every person who's seeking right now as well. So if you just look at the numbers in their own little silos, it's kind of hard to rationalize both of them. But I think we're on the right track of figuring out that some of these things are cyclical and they're planned and that people know well in advance that this is going to happen. And if you're in landscaping in certain parts of the company or country, there's going to be periods of time where you probably don't have a job until you're waiting for snow to fly, and then you're going to start pushing snow. So there's all sorts of things that may go into this figure.
32:01
Peter Dunn
Did you just make a pushing snow reference in July?
32:05
Damian Dunn
Yeah, sure, why not?
32:07
Peter Dunn
On Brand Dame how much do you think the great resignation ritually was? People going and securing higher paying jobs at other companies? How much are we starting to see some of the impact of that? I mean, I know that you and I both have heard a story of a person being headhunted away from one opportunity for a startup only to find out less than a quarter later that opportunity went away and the person had to regrip and start over. You got to think there's going to be more and more of those stories that settle out from the great resignation.
32:40
Damian Dunn
Yeah, I think that's exactly what's going to happen. There's going to be a number of folks who were hired away for these jobs were too good to be true, and things didn't pan out like they were promised or they envisioned because, well, the runway ran out, there was no more money, and times are tight, and they've got to make sure they keep the business afloat. So they're going to go through their employees and start cutting back to make sure that they can still maintain the business. And the story that you and I both know is really regrettable, but that's not going to be the only one. There's going to be lots and lots of them.
33:18
Peter Dunn
Chris I also think this is where industries start to sort themselves out. There are certain industries that are doing fine, would do fine in a recession, and I think just in the way that people have to choose where they live, like, what state do you want to live? From an ideological standpoint, do you want to live where you believe is the best place to live? I think also we have to stop looking at jobs as, here's my income now. We have to start looking at it as what is a good long term prospect, because from an auto industry job standpoint, I'm hearing that if you get laid off every few months, which is a planned layoff, that does not really speak of stability, how much do you want people to consider that?
33:59
Kristen Ahlenius
I think that's the most important thing is looking at the long term and not just the wage that I'm being promised today. I think that's priority one.
34:08
Peter Dunn
Coming up after the break, we put the cap on this Potluck radio show with Kristen's topic for the day. What is beyond 529 plans? That's next right here on the Pete the Planner show. All right, I did a miscalculation there, but we're okay, everybody. We're okay. Red, my man. Red's in. What's weird is I love the name Red. I think it's a cool name, but growing up a ginger, people would call me Red all the time, and I actually didn't like when I was called Red, but I do like the name Red. I have an uncle who retired from Chrysler for 35 years of service, and he knew that every year in August, he would be laid off, so he became a barber. No hairdresser or no hairdresser in the interim. Yeah, I feel you. It does help to know ahead of time.
35:08
Damian Dunn
School teachers pick up summer jobs all the time. That's a planned layoff, essentially.
35:14
Peter Dunn
You want to hear something weird? I'm trying to think how I can talk about this. My we'll go with it. It makes me nervous. If I'm acting nervous, do you realize how nervous I really am? My daughter was granted permission, my 13 year old daughter, to apply to an academic honors something. Okay. And there's an application process, and part of the application process is to get a teacher to write a recommendation for you. But we received notification, as did most other young people in this situation, late June, and the application with the letter of recommendation was due, like, next week. And my daughter is struggling naturally to track down a teacher who can write the recommendation not because she's a nerdy well, who doesn't deserve a recommendation. It's because teachers are out on their contracted break. That doesn't seem fair. Not to my daughter. It doesn't seem fair to the teachers that there's this undue pressure on them to, oh, step up and get back in the system, to get these kids in these honor societies.
36:37
Peter Dunn
That seems unfair.
36:40
Damian Dunn
I mean, could it be a former teacher and maybe not even one of her former teachers, but somebody who was formerly a teacher that may live in the same household?
36:50
Peter Dunn
You want my wife to write my daughter's? Yeah, sure.
36:54
Damian Dunn
I mean, if they're going to be unfair about their requirements, you might as well try and think outside of the box a little bit.
37:00
Kristen Ahlenius
As long as she signs it Mrs. Planner, nobody's going to know.
37:03
Peter Dunn
That's true. All right, Kristen, are you ready to do this?
37:09
Kristen Ahlenius
Yes.
37:10
Peter Dunn
Do you want to come back and start the segment altogether or please don't.
37:14
Kristen Ahlenius
Make me do that.
37:16
Peter Dunn
I had Dame do it once, and it proves harder than it looks once.
37:22
Kristen Ahlenius
I believe it.
37:24
Peter Dunn
Do you want to try it?
37:25
Kristen Ahlenius
Please don't do that.
37:27
Peter Dunn
Dame, do you want to do it?
37:29
Damian Dunn
I could have done the opening of the show, I think.
37:32
Peter Dunn
Okay.
37:32
Damian Dunn
But I don't know about I can try it.
37:36
Peter Dunn
Okay, we'll do it. And here's the thing for those listening and you're thinking, it's not that hard. It really isn't. It can't be that hard. Let me tell you. It's a lot harder than you think.
37:49
Kristen Ahlenius
But you're the whole thing is harder than it looks. In my opinion.
37:54
Peter Dunn
That's fair.
37:55
Kristen Ahlenius
The awkward silences, the not talking over each other.
37:59
Peter Dunn
I've had awkward silences since middle school. Yeah. Dame, you're going to bring us back, and whenever you start is when I'll start the clock. So you maybe count us down and go after it. And then you're going to have to introduce just reset. You're going to have to reset. Then you're going to have to make sure Kristen can offer her topic, and then everything will start. Okay. Got a new background, so you look good.
38:27
Damian Dunn
You can still close the segment, though.
38:29
Peter Dunn
No problem. We'll have Kristen close the segment. No, I'll close the segment. Okay. All right, Dame, count down and I'm ready when you are.
38:36
Damian Dunn
In three, two, one. Back on the Pete the Planner show. That's right, everybody. We found some stability through difference. That's right. This is Damien leading us back in from the break. It's a nice change, isn't it? Doing a little potluck today. I started off talking about emergency funds and lines of credit. Pete really depressed. Everybody talking about planned layoffs. That leaves one member left, Kristen. Kristen is going to talk to us.
39:05
Kristen Ahlenius
About what is beyond the 529 plan. So I had someone ask me earlier this week. They have three children. They have 2529s. So their third kid has just been left out of this thus far. They are lucky enough to live in a state where there's a tax credit for 529 contributions. Spoiler alert, that's $5,000 in contributions. That's what they're doing at this point. It's Indiana and they are not sure. Do they open a third 529 and or where do they put money in excess of this tax credit that they're earning? Do they keep using the 529 or do they look to other vehicles? So I volley back to Dame. Brother of Peter Dunn, host of the Pete Dunn show. Where do you put the money? Do you open the third 529? Where does it go?
40:02
Damian Dunn
Can we talk about where not to put the money and kind of back into this a little bit?
40:07
Kristen Ahlenius
Yes.
40:08
Damian Dunn
I love that there are some people who would say one of the very reasonable alternatives are UTMA or UGMA accounts, which I am not a fan of for one really big reason, and that is pain in the neck. You all that too. Kids get control of the money at either age 18 or 21. And while that may work out okay in a lot of circumstances, if this money was set aside for educational purposes, and that's what you really want it to go for, and junior is at Big State University and gets control of this money and all his friends are going on spring break to Cancun. There's zero stopping him other than maybe some veiled or not so veiled threats from mom and dad to use that money to go on spring break. I think UGMAs and UTMAs are well intentioned, but the wrong vehicle for college planning.
41:10
Damian Dunn
Pete, do you see it differently?
41:12
Peter Dunn
No, I don't see it differently. In transparency, of course, anytime we have to talk about this topic, I'm a paid spokesperson for the Indiana College Choice 529 plan. So I want you to know I'm separating my comments from my paid duties. As that spokesperson, I use the Indiana College Choice plan. I fund every year in excess of that $5,000 threshold for the tax credit, which, by the way, wink wink, that threshold is going up. The tax credit is increasing here very soon, allegedly. And so the answer to the question for me is I just keep going. Roth IRA isn't necessarily an option for some folks, but a Roth IRA is a good second place, I think, to put funds for this. Kristen, can I assume that Roth IRA was the route you were going to go?
42:10
Kristen Ahlenius
I think they have to have a 529 for each kid because I personally believe in equitable financial contributions. When you don't yet know, you don't know if your young children will go to school. So I would like to see at least the three accounts and then equal contributions to those accounts first, and then after that I would probably recommend the Roth, but I would recommend a separate Roth so that from a mental accounting perspective, that Roth is not used for retirement planning. If we're sitting in front of a financial planner or we're running our own retirement calculations. Because if you need that money for education, we can't also be putting it in the calculator we're using to see if we're preparing for retirement. And that's the ticket for me is I don't know that everyone has the ability. Dame, I think, could maybe speak to this.
42:59
Kristen Ahlenius
I'm sure you can, too. Working on the line is that sometimes we have to know our own behavior more than anything else. And if you can't separate the use for those funds, then the 529 is the way to go, in my opinion.
43:12
Damian Dunn
You said something kind of interesting there. Equitable contributions. Do you think that is more important than trying to get balances to where they should be? Let's say your kids are stretched out over eight years. Market conditions can play a huge difference in the balance of those accounts at any given time. If one of the kids is lagging way behind on what you would expect them to be, balance wise, do you think it makes any sense to really just start loading extra contributions into the account that's maybe not performing quite as well?
43:53
Kristen Ahlenius
That's a good point, and I think it depends on which kid I am in this scenario, how I feel about it. Because if I'm the kid with the bigger balance, I said, I don't care. I want equity in my contributions. But that's a really good point is that as the parent managing the account or maybe grandparents or aunts and uncles might be involved. Or maybe if one of your children is from a previous relationship, for example, and maybe grandparents are contributing to that account, but not your children from a current relationship. There could be family dynamics that could affect your planning potential as well. So, super good point.
44:28
Damian Dunn
Let's talk about five twenty nine s real quick for those that may not know exactly how those work, and you may have said something that flew right over somebody's head, or maybe they're just wondering, three kids, 2529s. What if one of those kids that has a 529 doesn't go to college? What are the options for the money they've got saved up in that account?
44:50
Kristen Ahlenius
Sure. You can actually change the beneficiary on a 529. So if two of the three decide to go, you could take the balance from the third child's account and basically give that money to the other kids, or you could use it to go back to school. So you do have options. Before, you would have to pay a penalty if you didn't use those funds and to carry on with that. The penalty, I believe, is 10% on just the growth in the account. It's not your contribution because your contribution is already post tax. So I think that's an important distinction, too.
45:22
Peter Dunn
I think one of the excuses people use to not put money into a 529 is that they're afraid they're going to have too much money in there. Christian, to your point, that would be what would happen. You would just have 10% on the growth an issue there. But I don't know. I got to be honest, I've literally never seen that happen. I've never seen someone go, I got too much money in this thing where you figure out what to do, especially if you got three kids. I think it would be nearly impossible, unless you're in just an astronomical income bracket, to have too much money in your 529 and you have three kids, it seems virtually impossible.
46:05
Kristen Ahlenius
Yeah, that's fair in a situation like this, too, if you have the cash flow to be able to make some pretty significant 529 contributions. I do think looking at the tail end of this from a planning perspective is worth just a little bit of a look, too, because you also have the American Opportunity Tax Credit. So if we didn't talk about what their goals were for college funding and I don't know them, to be honest with you, but let's say they're willing to put up half of what the kids need for school, maybe they are running the risk of overfunding, and maybe they want to use the American Opportunity Tax Credit, too. So I do think you have to look at what do we want to contribute, are there any other advantages on the end of this planning, of this timeline and then maybe work that equation backward?
46:50
Peter Dunn
Yeah, it's interesting. My daughter's got five years left. She's 13, right? And so how's this works going into 8th grade and then there's freshman year, sophomore, junior, senior. So I guess in the 6th year she would then be in college. Damn. I look at her balance now, which I'm very proud of. We worked really hard to get where it is. Of course, I looked at the balance prior to the market downturn, but Mrs. Planner and I last night having this discussion, it's like, yeah, we got to pick it up, we got to go, because we've been saving since the day she was born and there's no way we're going to have more than we should in there. And so you go to this point of Kristen is like, well, some families are like, well, we'll do 50%. If that's a decision, I'd like that decision to be made up front, not along the way or at the end, because I think it impacts planning.
47:47
Damian Dunn
If you're running a little bit behind or you think you need to pick it up and you've done a nice job accumulating assets for that thus far, do you think maybe you direct some of that money towards a brokerage account instead of putting it in a 529? That way you've got a little bit of flexibility with those funds in the future.
48:05
Peter Dunn
I mean, possibly there's some tax ramifications there, I would note. Before we go to break here, the other part of this too is having for us having to plan our mortgage to be paid off. Right. That increases cash flow significantly at that time. But we'll talk more about that after the break right here on the Pete the Planner Show. I just got to say, Damien, you did a fantastic it was like the way Kristen's tone there, the way she said it was good, seemed like it wasn't good, but I thought it was great.
48:34
Kristen Ahlenius
No, it was just my natural tone of voice is sarcastic. I meant it.
48:39
Damian Dunn
I'm really familiar with that tone of voice.
48:41
Peter Dunn
Sometimes I'll come down getting ready for work, and this is prior to not being able to sleep and just coming in at six and my wife would be downstairs and I would say, how does this outfit look? Okay? And she's like, yeah, it looks great. To me, that meant, there it is. I'm reading the paper, and by the paper, I mean the news on my phone. All right, moving along. Biggest waste of money of the week.
49:09
Damian Dunn
Yeah.
49:09
Peter Dunn
Dan, are you going to bring up the crypto Ponzi scheme article in your current events today?
49:15
Damian Dunn
I don't think I've got it.
49:18
Peter Dunn
Kind of came across this morning.
49:20
Damian Dunn
No, I don't have it.
49:21
Peter Dunn
No problem. Ready to go? Here we go. We're just going. I got to get things ready, though. In three, maybe two, one. This week's biggest waste of money of the week, right here on the pizza planner show is the Richard Milley collaboration with Ferrari thinnest watch in the world. Often pushing technological boundaries, richard Milley made a perfect partner with similarly. That's a tough word for me. Kristen, can you do similarly?
50:05
Kristen Ahlenius
Similarly? I don't know that was right.
50:08
Damian Dunn
Similarly.
50:09
Peter Dunn
Oh. Big flex, performance focused Ferrari. The first product to celebrate their partnership isn't merely a stock timepiece with a Ferrari logo. No, I added that copy. It's the thinnest watch in the world. It's the Chet Holmgren of watches. The Richard Milley. That was a good reference. The Richard Milley and Ferrari RMUP. One measures just 1.75 mm thick. Anytime something's measured in the metric system like that 1.75 mm thick. Oh, it's 3 miles wide. What does that mean? It means nothing.
50:50
Kristen Ahlenius
It means nothing.
50:52
Peter Dunn
Oh, my gosh. I need to be anyway. And was the result of years of R D. Unlike many ultra thin watches is. Did it not use the case back as a base plate? No. Instead retaining traditional architecture with a clever movement and patented escapement co developed with you have one. You have one dame.
51:17
Damian Dunn
Yeah, I've got a few. And it's melee, by the way, as well. What'd I say, millie, are you very midwestern of you.
51:26
Peter Dunn
A function selector sits in the upper left, allowing the crown below it to wind the manual movement or set the hands with the rest of the watch taken up by the dial prancing horse detail in a window that allows the remarkable movement to be seen in action. Before we get a price on this thing, I have to note a couple of things. Number one, I have endorsed Dame on LinkedIn for his prancing horse detail. And I would also like to note that if you look at this watch, if you're on the live stream right now, I have the watch up. The actual watch face is this black speck in the middle. It is less than the size of an unsatisfactory pea. Like, think about it. You're about to eat peas and you're angry anyway, and you're like, well, that's a small pea. That's the size of the face of this watch.
52:18
Peter Dunn
Kristen, how much do you believe this rick mile watch cost someone? How much do you believe it costs?
52:28
Kristen Ahlenius
Before I answer dame, I'm going to buy a Ferrari. How much is a Ferrari? The actual car?
52:35
Damian Dunn
Depends on which one you want. I mean, they've got a range.
52:38
Kristen Ahlenius
Come on, don't be the subject matter expert.
52:44
Damian Dunn
Somewhere between 250, and they might have a couple of versions or one version over a million right now.
52:50
Kristen Ahlenius
Okay. And then the watch is six figures.
52:54
Damian Dunn
Oh, yeah.
52:57
Peter Dunn
175,000 for the thinnest watch in the world. Dame as. What do you think? Yeah, you are both incorrect. $1,888,000 for the thinnest watch in the world which you can't read and it's ugly.
53:17
Kristen Ahlenius
Yeah, I'm sorry.
53:18
Peter Dunn
I have progressive lenses because I'm an older gentleman. I could not see what time it is. What's the point? What's the point?
53:27
Damian Dunn
It looks like a drawing.
53:30
Peter Dunn
No one knows. Dame, what's? In the news this week, Federal Reserve.
53:36
Damian Dunn
Officials have indicated they accept the risks of causing a recession because they're determined to prevent something they view as worse a change in consumer psychology that could sustain higher inflation. Fed Chairman Jerome Powell acknowledged last week that the central bank's recent turn toward lifting interest rates in a zero point, 75 percentage point increment the most aggressive pace since the 80s raises the chances of an economic downturn. Is there a risk that we could go too far? Certainly there's a risk, but I wouldn't agree that's the biggest risk to the economy, mr. Powell said at a central banking forum in Portugal. The biggest mistake to make would be to fail to restore price stability. At the root of this approach is the fear that households and businesses will come to expect high inflation to persist, which can cause it to do so. That would require the Fed to increase rates more than otherwise to break the mindset.
54:27
Damian Dunn
That's right. The Fed is worried that we are going to will high inflation to stick around mean.
54:35
Peter Dunn
So basically he's saying that prices across the board will become inelastic and that demand will stay high because we'll be like, well, this is the way it is. I'm going to be a consumer now that guy is a lot smarter than me. I don't buy that at all, though. No, you buy that.
54:56
Kristen Ahlenius
It goes back to, I don't know if it was a week ago or two weeks ago and you're like, maybe this seems like too simplistic of a view and maybe I just don't get it. But as a consumer, that just doesn't make any sense to me.
55:08
Peter Dunn
No. None. Dane, what do you think?
55:13
Damian Dunn
No, I think Jerry's out in left field on this.
55:18
Peter Dunn
Speaking of prices, and I don't know if you're going to talk about this today, gas prices have come down significantly. Oil prices have come, you know, in the last few weeks. We were talking about the federal gas tax holidays. Is that going to have an impact? Number one, that never went into effect. Number two, it goes to the point of where were talking about like, well, President Biden's faced with this really high oil prices, really high gas prices, and everyone yelling at him to do something. So he goes and tries to do just about the only thing he can do to some degree. Some people argue differently and he attempts to do it, doesn't do it doesn't happen. He also doesn't do the other things that people thought he should do. And by the way, oil prices and gas prices come down. So as much as we love to point to the big kahuna as that it's their fault for oil prices and gas prices being so high, I think you can argue that's not the case.
56:12
Peter Dunn
I would also like to note that gas prices and oil prices are high across the entire world, not just the United States.
56:18
Damian Dunn
Do you think if gas prices start coming down that you're going to start seeing scraped off stickers of the I did that on gas pumps.
56:27
Peter Dunn
No, I saw another one of those this week.
56:31
Damian Dunn
Even if they start coming down, like back to $3 a gallon, you think they're going to stay there?
56:37
Kristen Ahlenius
Yes.
56:38
Peter Dunn
I was thinking about it again, very simple. With the I did that stickers, do I agree? No. Is it arguably funny and clever? Yes. Is it appropriate to vandalize a gas station? No. Right. Even with something you don't agree with it, you can still think it's funny. Yeah, it is funny.
57:00
Damian Dunn
A gorgosaurus skeleton with immaculate bone structures going up for auction later this month. Suthby said yesterday, it's not a trex, kind of a shirt tail cousin, but you can probably leave out that small detail as your astonished dinner party guests badger you about your new addition to the foyer. The fossilized skeleton, which measures 10ft tall and 22ft long, is the only one in private ownership with all the other skeletons being housed in museums. Presale estimate? You want to guess? Presale estimate for a complete gorgosaurus.
57:40
Peter Dunn
Twelve million dollars.
57:44
Damian Dunn
Five to eight million dollars. Presale estimate, five to 8 million.
57:47
Peter Dunn
Well, I have some inner working knowledge of that. I've seen several seasons of Dinosaur Train when my kids were younger on PBS. Is there any more of a rich person move than to own a full dino skeleton? I mean, that is the ultimate and like, having forget, you mean?
58:10
Kristen Ahlenius
Yes.
58:10
Damian Dunn
I think having tigers roam your property probably is right up there.
58:15
Peter Dunn
Siegfried and Roy were wealthy, but they were not uber wealthy and they had jungle kitties all over the place.
58:22
Damian Dunn
Yeah, but I think I like Mike Tyson.
58:27
Peter Dunn
Yeah. Tiger King. Good point. The billionaire thing now, like the Three Comic Club, it's number one, have a way to get to space. Number two, own ancient lizards. Number three, have lists of books that you read at one point in time released by Forbes of how the average person can also become a billionaire. Those things drive me nuts.
58:54
Damian Dunn
And a Rick Mile watch.
58:56
Peter Dunn
A rick mile watch. Great show this week. Potluck edition of the show. This is the way it is going forward. Dame will always be the deviled eggs. Thank you, everyone, for listening. Chris dame. Thanks. Did I call you Chris?
59:10
Damian Dunn
Yes, sure did.
59:11
Peter Dunn
Christy, thanks for being here. Sending you all good vibes. Because good vibes are all this in the budget? I'm Pete the planner. This is the Pete the Planner show. Sorry, Christy.
59:21
Kristen Ahlenius
It's fine. Last week you said my name wrong and you've never done. Like, even when I first started here and you were like, well, this is Kristen Alanius. And I was, what? Like, no one gets my name right. And then of all the I when.
59:41
Peter Dunn
We first hired you, I went on YouTube and Googled your last name to hear other people say it, so I didn't know how to say it. That's true.
59:48
Kristen Ahlenius
That's commitment. I respect that.
59:51
Peter Dunn
I like research. Does anyone in your life call you Christy?
59:57
Damian Dunn
Do you think she would allow them to call?
01:00:00
Peter Dunn
There is no name that fits you less than Christy.
01:00:05
Kristen Ahlenius
My name doesn't even really fit me to begin with, so yeah, no.
01:00:10
Peter Dunn
Yeah. What would be a better name for let's rename Kristen? Caitlin just a sister. Who's this now?
01:00:16
Kristen Ahlenius
Oh, Caitlin. She's going to call me Christy. That's lovely.
01:00:21
Peter Dunn
Let's rename kristen here. Dame, we got a couple of minutes.
01:00:26
Damian Dunn
What's your middle name? Chris.
01:00:28
Kristen Ahlenius
I was born in the 90s. What do you think my middle name is?
01:00:31
Peter Dunn
Marie.
01:00:32
Kristen Ahlenius
Yeah.
01:00:33
Peter Dunn
Is it?
01:00:34
Kristen Ahlenius
Yes.
01:00:37
Peter Dunn
All right, let's pick a different name. I could see being a Kate.
01:00:43
Kristen Ahlenius
My sister's Caitlin. That doesn't work.
01:00:45
Damian Dunn
That's not going to work.
01:00:46
Peter Dunn
Okay.
01:00:47
Damian Dunn
Just call her Queen be done.
01:00:48
Peter Dunn
Danza.
01:00:49
Kristen Ahlenius
Danza.
01:00:50
Peter Dunn
We already have one Danza in our life.
01:00:52
Kristen Ahlenius
All of my name options were K's as well, so if you would like to keep with theme kylie. I like Kendall. Kendall was supposed to be Kendall.
01:01:02
Peter Dunn
Oh, you total kendall. I could totally see that. Or how about a Lauren?
01:01:07
Kristen Ahlenius
I don't know. I think it was like, OC, maybe.
01:01:12
Peter Dunn
The thing with Lauren. Because sometimes it's Lauren. They're like, no, it's Lauren, and then it's like, no, it's Lara or it's Laura or Laura and it's like I don't know. It's a lot to deal with.
01:01:25
Damian Dunn
How about Kristen?
01:01:28
Peter Dunn
How about Crystal?
01:01:29
Kristen Ahlenius
No.
01:01:30
Peter Dunn
Yes. All right, that's all we got. Anybody want to say anything?
01:01:37
Damian Dunn
My Intro to her segment is going to be a lot different next week if we call her Crystal.
01:01:41
Kristen Ahlenius
Do not.
01:01:42
Peter Dunn
Hey, look, Crystal's a perfectly great name. All these names are very nice. No one feels judged.
01:01:47
Kristen Ahlenius
They're not mine.
01:01:48
Peter Dunn
Dame, great job on that intro. Christy, I thought you had one of your best shows that you've had so far.
01:01:56
Kristen Ahlenius
Thank you.
01:01:57
Peter Dunn
And to everyone else, there's only one thing I can tell you, and that is stay getting money.
